German Trade Surplus Widens Slightly in July

German trade surplus increased slightly to EUR 19.5 billion in July 2017 from EUR 19.1 billion in the same month a year earlier, as exports rose by 8.0 percent year-on-year to EUR 103.7 billion while imports went up 9.4 percent to EUR 84.2 billion.

In July, sales to the EU grew by 6.7 percent to EUR 59.9 billion, of which the Euro area countries (6.9 percent to EUR 37.9 billion) and other European countries (6.4 percent to EUR 21.9 billion). In addition, sales to countries outside the Euro area went up 9.7 percent to EUR 43.8 billion.

Imports from the EU rose 8.4 percent to EUR 55.6 billion, of which the Euro area countries (7.5 percent to EUR 37.9 billion) and other European countries (10.4 percent to EUR 17.6 billion). Meantime, inbound shipments from countries outside the Euro area jumped by 11.5 percent to EUR 28.6 billion.

Considering January to July 2017, the trade surplus was registered at EUR 122.04 billion, down from EUR 148.38 billion in the same period of 2016.

On a seasonally adjusted basis, the trade surplus also came in at EUR 19.5 billion, down from EUR 21.2 billion in June. Exports edged up 0.2 percent, following a downwardly revised 2.7 percent drop in a month earlier and imports were up 2.2 percent, compared to a downwardly revised 4.4 percent decline in June.

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The German trade surplus decreased to EUR 14.5 billion in January 2019 from EUR 17.2 billion in the same month a year earlier, as imports rose 5.0 percent to EUR 94.4 billion, while exports grew at a softer 1.7 percent to EUR 108.9 billion.
Published on 2019-03-11

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The German trade surplus decreased to EUR 13.9 billion in December 2018 from EUR 18.4 billion in the same month a year earlier. It was the smallest trade surplus since January 2016, mainly due to a sharp decline in exports. Published on 2019-02-08

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